Detailed Single Year Tables

Description of Proposed Provision:
Starting December 2015, compute the COLA using a chained version of the consumer price index for wage and salary workers (CPI-W). We estimate this new computation will reduce the annual COLA by about 0.3 percentage point, on average.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2014

13.95

12.67

-1.29

320

0.00

0.00

0.00

2015

13.97

12.92

-1.05

306

0.00

0.00

0.00

2016

13.93

12.89

-1.04

293

-0.04

0.00

0.04

2017

13.89

12.91

-0.99

279

-0.08

0.00

0.08

2018

13.90

12.93

-0.97

265

-0.12

0.00

0.11

2019

13.99

12.94

-1.05

252

-0.15

-0.01

0.15

2020

14.14

12.95

-1.19

239

-0.19

-0.01

0.18

2021

14.27

12.97

-1.30

226

-0.23

-0.01

0.22

2022

14.47

13.00

-1.48

212

-0.26

-0.01

0.25

2023

14.71

13.02

-1.69

198

-0.30

-0.01

0.28

2024

14.94

13.04

-1.91

183

-0.33

-0.02

0.32

2025

15.18

13.05

-2.12

168

-0.37

-0.02

0.35

2026

15.39

13.07

-2.32

153

-0.40

-0.02

0.38

2027

15.60

13.08

-2.51

137

-0.43

-0.02

0.41

2028

15.79

13.10

-2.69

122

-0.46

-0.02

0.44

2029

15.95

13.11

-2.84

105

-0.49

-0.02

0.46

2030

16.09

13.12

-2.97

89

-0.51

-0.02

0.49

2031

16.21

13.13

-3.08

71

-0.54

-0.03

0.51

2032

16.30

13.14

-3.16

53

-0.56

-0.03

0.53

2033

16.37

13.15

-3.23

35

-0.58

-0.03

0.55

2034

16.43

13.15

-3.28

16

-0.60

-0.03

0.57

2035

16.47

13.16

-3.31

----

-0.62

-0.03

0.59

2036

16.49

13.16

-3.33

----

-0.64

-0.03

0.60

2037

16.49

13.16

-3.33

----

-0.65

-0.03

0.62

2038

16.48

13.16

-3.31

----

-0.66

-0.03

0.63

2039

16.44

13.16

-3.28

----

-0.67

-0.03

0.64

2040

16.40

13.16

-3.24

----

-0.68

-0.03

0.65

2041

16.36

13.16

-3.20

----

-0.69

-0.03

0.66

2042

16.32

13.16

-3.15

----

-0.70

-0.03

0.66

2043

16.28

13.16

-3.12

----

-0.70

-0.04

0.67

2044

16.25

13.16

-3.09

----

-0.70

-0.04

0.67

2045

16.23

13.16

-3.07

----

-0.71

-0.04

0.67

2046

16.22

13.16

-3.06

----

-0.71

-0.04

0.67

2047

16.20

13.16

-3.04

----

-0.71

-0.04

0.68

2048

16.19

13.16

-3.03

----

-0.71

-0.04

0.68

2049

16.18

13.16

-3.02

----

-0.71

-0.04

0.68

2050

16.18

13.17

-3.01

----

-0.71

-0.04

0.68

2051

16.18

13.17

-3.02

----

-0.71

-0.04

0.68

2052

16.20

13.17

-3.03

----

-0.71

-0.04

0.68

2053

16.22

13.17

-3.05

----

-0.71

-0.04

0.68

2054

16.26

13.17

-3.08

----

-0.72

-0.04

0.68

2055

16.30

13.18

-3.12

----

-0.72

-0.04

0.68

2056

16.34

13.18

-3.16

----

-0.72

-0.04

0.68

2057

16.39

13.18

-3.21

----

-0.72

-0.04

0.68

2058

16.44

13.19

-3.25

----

-0.72

-0.04

0.68

2059

16.49

13.19

-3.30

----

-0.72

-0.04

0.69

2060

16.53

13.19

-3.34

----

-0.73

-0.04

0.69

2061

16.58

13.20

-3.38

----

-0.73

-0.04

0.69

2062

16.62

13.20

-3.42

----

-0.73

-0.04

0.70

2063

16.66

13.20

-3.46

----

-0.74

-0.04

0.70

2064

16.71

13.21

-3.50

----

-0.74

-0.04

0.70

2065

16.75

13.21

-3.54

----

-0.74

-0.04

0.71

2066

16.80

13.21

-3.59

----

-0.75

-0.04

0.71

2067

16.84

13.21

-3.63

----

-0.75

-0.04

0.71

2068

16.89

13.22

-3.67

----

-0.76

-0.04

0.72

2069

16.93

13.22

-3.71

----

-0.76

-0.04

0.72

2070

16.98

13.22

-3.75

----

-0.76

-0.04

0.72

2071

17.01

13.22

-3.79

----

-0.77

-0.04

0.73

2072

17.05

13.23

-3.82

----

-0.77

-0.04

0.73

2073

17.07

13.23

-3.84

----

-0.77

-0.04

0.73

2074

17.09

13.23

-3.86

----

-0.78

-0.04

0.74

2075

17.10

13.23

-3.87

----

-0.78

-0.04

0.74

2076

17.11

13.23

-3.88

----

-0.78

-0.04

0.74

2077

17.11

13.23

-3.88

----

-0.79

-0.04

0.75

2078

17.10

13.23

-3.87

----

-0.79

-0.04

0.75

2079

17.10

13.23

-3.87

----

-0.79

-0.04

0.75

2080

17.11

13.23

-3.88

----

-0.79

-0.04

0.75

2081

17.12

13.23

-3.89

----

-0.79

-0.04

0.75

2082

17.14

13.23

-3.91

----

-0.80

-0.04

0.75

2083

17.17

13.24

-3.93

----

-0.80

-0.04

0.76

2084

17.20

13.24

-3.97

----

-0.80

-0.04

0.76

2085

17.24

13.24

-4.00

----

-0.80

-0.04

0.76

2086

17.29

13.24

-4.04

----

-0.80

-0.04

0.76

2087

17.33

13.24

-4.09

----

-0.80

-0.04

0.76

2088

17.38

13.25

-4.14

----

-0.81

-0.04

0.76

2089

17.43

13.25

-4.18

----

-0.81

-0.04

0.77

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2014 Trustees Report.

2014-2088

16.18%

13.86%

-2.32%

2034

-0.59%

-0.03%

0.56%

&nbsp

1 Under present law, the year of Trust
Fund reserve depletion is 2033.